The UMG chairman addressed Billboard Power 100 honorees in LA about shaking up the industry from within to benefit creatives.
Sir Lucian Grainge accepts the No.1 spot on Billboard’s Power 100 List at Billboard’s Power 100 Party for 2023.
The two companies announced they will partner to find a new solution to the economic model in streaming. The result could spark an industry-wide change.
Also this week: Concord Label Group taps a business affairs senior vp, Warner Chappell Production Music expands to Brazil and more.
Also this week: Capitol Records Nashville appoints a vp of promotion, UMG taps a film industry legend as chairman of the board and more.
The combined deals, estimated at around $200 million total, marks an acceleration of a run on hip-hop assets.
Bad Bunny and Harry Styles led Sony to big gains in current market share in 2022, while Republic's huge fourth quarter helped it end the year on an upswing.
In his annual New Year's letter to Universal employees, Grainge highlighted the company's successes but also called for change in an era of "bad actors."
The 130-room hotel is located inside the historic Albéniz Theater building, where Antonio Banderas' take on the musical Company is currently playing.
The case is the latest legal scuffle for the TikTok-like social media service, which is also embroiled in a similar fight with Sony.
